Turned down for a secured credit card, huh?

Turned down for a secured credit card, huh?

so today my fiance went to wells fargo to apply for a secured card and was denied. His scores are in the 570s, which is higher than mine are but i was able to get one two weeks ago. I didn't even know you could be turned down for a secured card. Did the lady that helped him just not know what she was doing or something?

Re: Turned down for a secured credit card, huh?

I recently got denied by both Wells Fargo and Citi. I am working on a recon as we speak. I did however get approved for National City, and awaiting a decision from US Bank. If US Bank does not do through, I may apply with Merrick Bank as a final resort.

Re: Turned down for a secured credit card, huh?

Darn... well at least this is a learning experience... before today I thought that you could not get turned down for a secured credit card. I thought anyone could open one. I guess we'll just wait for the denial and go with orchard or something.

Re: Turned down for a secured credit card, huh?

hotsaka wrote:if denied go with hsbc\ orchard and try again in 6 months.

Hotsaka has it right. Orchard approved me for their secured product when Citi denied me for a secured card when I started building credit. I have no complaints about Orchard, they have been easy to make payments on and do not report as secured on the credit reports. You can pay them online, and it is free to do so. (Some banks and CC's charge to make online payments.)

Only bad thing about Orchard is it might take forever to unsecure.

____________________________________________________

"Evacuate, in our moment of triumph? I think you overestimate their chances."

Re: Turned down for a secured credit card, huh?

Hmmm, I was gonna do the Orchard bank card for him but there might be a problem... On his credit report he has a collection listed from best buy that says HSBC/best buy. Is it the same thing? If so I bet they wouldn't approve him for the card considering he owes them money. I'm confused tho, cuz the card was a best buy card. I dunno, should I try it or not?

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IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.